The recent launch of Spot Ethereum ETFs was initially met with enthusiasm, but the price of ETH has since struggled, dropping around 10% since trading began. Analysts suggest this is due to significant outflows from the Grayscale Ethereum fund, high management fees, and added selling pressure from Mt. Gox distributions. Despite initial optimism, the market has responded negatively, leading to increased volatility and price declines.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
